WorksheetsPF 1.00 Vocabulary
Total questions: 10
Worksheet time: 5mins
Name
Class
Date
1.
Goods or services that are required for survival
a)
Wants
b)
Needs
c)
Goals
d)
Values
2.
Managing money continuously through life in order to reach your financial goals
a)
Financial Goals
b)
Goals
c)
Financial Planning
d)
Needs
3.
A goal that will be attained in less than one year
a)
Long term goal
b)
Short Term goal
c)
Goal
d)
Wants
4.
The desire for goods and services that are not absolutely necessary for our survival
a)
Need
b)
Goal
c)
Well-Being
d)
Want
5.
Specific objectives that are accomplished through financial planning
a)
Financial Planning
b)
Well Being
c)
Values
d)
Financial Goals
6.
Well‐being is defined as...
a)
Goods or services that are required for survival
b)
Feeling good about one’s life
7.
Something a person intends to acquire, achieve, or accomplish
a)
Value
b)
Short term goal
c)
Long term goal
d)
Goal
8.
Values are...
a)
Giving up one thing for another
b)
A fundamental belief about what is important to an individual
9.
Opportunity cost is NOT the value of the next best alternative?
a)
True
b)
False
10.
The value of the next best alternative that must be forgone as a result of a decision
a)
Need
b)
Want
c)
Trade off
d)
Opportunity Cost
100 %
